Economy

Washington — The U.S. economy grew at a healthy 2.8% annual rate from July through September, with consumers helping drive growth despite the weight of still-high interest rates. Wednesday's report from the Commerce Department said the…
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Beijing — Beijing said Wednesday it had lodged a complaint with the World Trade Organization over the European Union's decision to impose hefty tariffs on Chinese-made electric cars. The extra taxes of up to 35% were announced Tuesday after…
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BEIJING — China's stimulus efforts could come with a cost and they must be carried out alongside reforms to ensure sustainable economic growth, Liu Shijin, a former central bank adviser, said in remarks published Wednesday. "Stimulus could…
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NAIROBI, KENYA — Some companies are coming up with creative ways of making electric vehicles a more realistic option in power-challenged areas of Africa. Countries in Africa have been slow adopters of battery-powered vehicles because…
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U.S. farmers are facing economic headwinds as they head to the polls this election year. VOA’s Kane Farabaugh has more from Illinois
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RIYADH — Saudi Arabia is "committed" to maintaining crude capacity at 12.3 million barrels per day, Energy Minister Prince Abulaziz bin Salman said on Tuesday. Speaking at the Future Investment Initiative (FII) conference in Riyadh, he said…
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Riyadh — Global business leaders gathered in Saudi Arabia on Tuesday for a glitzy investor forum as conflict shakes the region and skepticism mounts over the Gulf kingdom's most ambitious development projects. The Future Investment…
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Nairobi — Bioeconomy is the production, use, and conservation of biological resources to produce goods that sustain communities. A new report says the promotion of bioeconomy as a way to deal with climate change holds promise for rural…
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MIAMI, FLORIDA — The last Kmart on the U.S. mainland sits at the west end of a busy suburban Miami shopping center, quiet and largely ignored. All around it are thriving chain stores attracting steady streams of customers in sectors where…
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WASHINGTON — The war in Sudan is likely to cause heavy economic damage in neighboring countries, the IMF's deputy director for Africa, Catherine Pattillo, told AFP. "What is going on there for the people in Sudan is just so heart wrenching…
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